It's the Chicago FarrCast! Jim Iuorio joins us from Chicago Mercantile Exchange. The markets had an excuse this week to back off with a little hint of wage inflation (remember February when a hint sent the market into a correction?) but the rally continues. The yield curve is flattening, but it's still positive. There might be a chink in the market's armor in the increasing rate environment.
Chicago native Dan Mahaffee from the Center for the Study of the Presidency and Congress comes in and gives us a little more detail about the Mexico trade deal. The rhetoric is positive, but Dan tells us why the Canadian hurdle might still be a bigger jump (and why that impacts any deal with Mexico.) It's a big week in DC -- Sessions stays? Kavanaugh to be confirmed? And a few words on the late, great, Senator John McCain.
For the long term look, Michael welcomes back Jack Bouroudjian, Chief Economist from UCX in Chicago -- six months ago on the FarrCast Jack said, "the easy money in this market has been made." Jack is watching the dollar, emerging markets, and he's concerned these highs are occurring at the wrong time. Is a late summer peak? Jack tells us the bond markets are telling us one thing and the equity markets another. It's a confused market -- Jack says to be very careful.
Wall Street, The Hill, and The World -- The FarrCast covers it all! Listen and subscribe today!
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